Mr. Thomas borrowed 25,000 pounds from two banks. For one loan, he paid 12% p.a. as simple interest and for the other he paid 14% p.a. If the total interest paid in one year be 3260 pounds, how much did he borrow at 12% and 14% rate respectively?
1
13000 pounds, 12000 pounds
2
15000 pounds, 14000 pounds
3
14000 pounds, 15000 pounds
4
12000 pounds, 13000 pounds